Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01false77falsetrue 04249186 2022-07-01 2023-06-30 04249186 2021-07-01 2022-06-30 04249186 2023-06-30 04249186 2022-06-30 04249186 c:Director1 2022-07-01 2023-06-30 04249186 d:PlantMachinery 2022-07-01 2023-06-30 04249186 d:PlantMachinery 2023-06-30 04249186 d:PlantMachinery 2022-06-30 04249186 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04249186 d:FurnitureFittings 2022-07-01 2023-06-30 04249186 d:FurnitureFittings 2023-06-30 04249186 d:FurnitureFittings 2022-06-30 04249186 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04249186 d:OfficeEquipment 2022-07-01 2023-06-30 04249186 d:OfficeEquipment 2023-06-30 04249186 d:OfficeEquipment 2022-06-30 04249186 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04249186 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04249186 d:Goodwill 2022-07-01 2023-06-30 04249186 d:Goodwill 2023-06-30 04249186 d:Goodwill 2022-06-30 04249186 d:CurrentFinancialInstruments 2023-06-30 04249186 d:CurrentFinancialInstruments 2022-06-30 04249186 d:Non-currentFinancialInstruments 2023-06-30 04249186 d:Non-currentFinancialInstruments 2022-06-30 04249186 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04249186 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 04249186 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04249186 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 04249186 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04249186 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 04249186 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04249186 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 04249186 d:ShareCapital 2023-06-30 04249186 d:ShareCapital 2022-06-30 04249186 d:RetainedEarningsAccumulatedLosses 2023-06-30 04249186 d:RetainedEarningsAccumulatedLosses 2022-06-30 04249186 c:FRS102 2022-07-01 2023-06-30 04249186 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04249186 c:FullAccounts 2022-07-01 2023-06-30 04249186 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04249186 2 2022-07-01 2023-06-30 04249186 d:Goodwill d:OwnedIntangibleAssets 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 04249186









AGENTCROFT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
AGENTCROFT LIMITED
REGISTERED NUMBER: 04249186

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
6,000

Tangible assets
 5 
4,632
6,176

  
4,632
12,176

Current assets
  

Stocks
 6 
15,135
8,247

Debtors: amounts falling due within one year
 7 
-
39,520

Cash at bank and in hand
 8 
468,178
305,743

  
483,313
353,510

Creditors: amounts falling due within one year
 9 
(72,868)
(47,586)

Net current assets
  
 
 
410,445
 
 
305,924

Total assets less current liabilities
  
415,077
318,100

Creditors: amounts falling due after more than one year
 10 
(18,958)
(39,175)

  

Net assets
  
396,119
278,925


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
396,117
278,923

  
396,119
278,925


Page 1

 
AGENTCROFT LIMITED
REGISTERED NUMBER: 04249186
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D J Gander
Director

Date: 21 February 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Agentcroft Limited is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered number is 04249186.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employee & Director
7
7


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2022
120,000



At 30 June 2023

120,000



Amortisation


At 1 July 2022
114,000


Charge for the year on owned assets
6,000



At 30 June 2023

120,000



Net book value



At 30 June 2023
-



At 30 June 2022
6,000



Page 6

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
42,725
20,761
4,861
68,347



At 30 June 2023

42,725
20,761
4,861
68,347



Depreciation


At 1 July 2022
38,552
18,798
4,821
62,171


Charge for the year on owned assets
1,043
491
10
1,544



At 30 June 2023

39,595
19,289
4,831
63,715



Net book value



At 30 June 2023
3,130
1,472
30
4,632



At 30 June 2022
4,173
1,963
40
6,176


6.


Stocks

2023
2022
£
£

Raw materials and consumables
15,135
8,247

15,135
8,247



7.


Debtors

2023
2022
£
£


Other debtors
-
38,784

Prepayments and accrued income
-
736

-
39,520


Page 7

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
468,177
305,743

468,177
305,743



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,212
-

Trade creditors
8,134
5,606

Corporation tax
32,061
8,776

Other taxation and social security
13,750
18,297

Other creditors
4,961
11,232

Accruals and deferred income
3,750
3,675

72,868
47,586



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,958
39,175

18,958
39,175


Page 8

 
AGENTCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,212
-


10,212
-

Amounts falling due 1-2 years

Bank loans
-
10,212


-
10,212

Amounts falling due 2-5 years

Bank loans
18,958
28,963


18,958
28,963


29,170
39,175


 
Page 9